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The assembly division of Cranberry Watches, Inc., uses the weighted-average method of process costing. Consider the following data for the month of May 2014: ?click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Requirement Summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, Production Costs Materials Costs Equivalent Units Total costs to account for Physical Direct Conversion Units Materials Costs Next calculate cost per equivalent unit for direct materials and conversion costs. Flow of Production Completed and transferred out during current period 467 120 587 467 467 DirectConversion Materials Costs in process, ending 42 Accounted for 533 509 Divide by Cost per equivalent unit Finally assign total costs to units completed (and transferred out) and to units in ending work in process. Work done to date Print Done Total Direct Production Costs Materials Costs Physical Units Direct Conversion Completed and transferred out Work in process, ending Total costs accounted for (Watches) Materials 549,300 Costs 82 505 467 120 $96,550 Beginning work in process (May 1) Started in May 2014 Completed during May 2014 Ending work in process (May 31) Total costs added during May 2014 aDegree of completion: direct materials, 90%; conversion costs, 40%. "Degree of completion: direct materials, 55%; conversion costs, 35%. $3,235,000 $1,405,000 Choose from any list or enter any number in the input fields and then continue to the next

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